It’s Better Than It Appears

June 26, 2014     As I start writing this at 8 a.m. EST, Gold has dropped to $1305  - This is what I'm hearing now ,  "Horrible GDP numbers and Gold dropped? Man that's weak!"  or   "War in Iraq, unrest in the Ukraine, Why is Gold Dropping? Time to go short people!!"   I'm just here to say that, like that picture above, everything you see isn't what it appears to be unless viewed in the right light. This GOLD DIP was expected. The lows in June 2013, Dec 2013, and May 2014 were expected.  So WHAT is expected with this current dip? Time to short? Or buy the dip?   -Charts-   Gold on June 20 - I pointed out 2 possible targets of support (this WAS in my last report, the pullback WAS expected)   GOLD DAILY But again, Go short or buy the dips? ... Read More

Ripples In The Pool

June 23, 2014    When you look at various movements in Nature, it is amazing (and educational) to see how things move. Fibonacci still intrigues me to no end and the Ebb and Flow of liquids can be powerful and yet graceful  at the same time.  Its the same with the Stockmarket when certain areas surge forward. Sometimes what looks like Big Splashes can be just Ripples in the Pool , one of many repeating waves of movement. While I had planned on writing about Gold/Silver stocks, I want to address the recent movement in the Miners , since I received a couple of private emails with people concerned that the move is only' short covering' and just too steep. It appears to be unsustainable and will it crash soon?  So readers wonder 'Should I enter?'  'Will it pullback?' and so on.   I'm not sure if anyone knows those answers, but  I ALWAYS look to the markets to find clues.   Lets start with SILVER/SLV.  First thing we see is...The DREADED GAPS! Wait to buy the gap fill?   SLV   Is it possible that the GAP wont fill now?  It is... Read More

NOTHING GOES STRAIGHT UP….BUT!!

June 20, 2014     Well,  I have been mentioning in MAY that I was expecting a "MEANINGFUL LOW"  (an ICL in cycle terms) in GOLD SILVER & the MINERS.   As expected, what an explosive move since I last wrote!  GDXJ has been amazing and some of the MIners stocks have been extremely strong and profitable.  I have been using Twitter to tweet thoughts daily while this website was being worked on a little  ( Does it look a little cleaner, faster, stronger?  The guys have done well   ) I just want to show a few things that I am looking at briefly- and then I will do a full report this weekend.   First, As posted in my last Gold reports, I always look at many things as we move forward to gauge where we MAY be going. I was watching this behind the scenes to give me an Idea of what MIGHT happen  as GOLD attempted a "Test" of June 2013 & DEC 2013 lows. I thought to myself..."THIS could be a "Double Bottom" June & Dec 2013 -  OR -  are we about to see a "Triple Bottom Low" Test? What might I watch for?"  I found this and compared as we dipped down.   3 yr chart then double bottom   Those Meaningful Lows are IN. Gold played it cool, but the MINERS were screaming , "GET READY" since they usually lead. My weekend report will cover a few ideas moving forward, but for now there are a few quick things to observe. Read More